"The key reason executives are paid so much……" — Paul Krugman
"The key reason executives are paid so much now is that they appoint the members of the corporate board that determines their compensation and control many of the perks that board members count on. So it's not the invisible hand of the market that leads to those monumental executive incomes; it's the invisible handshake in the boardroom."
—
Paul Krugman
★
★
★
★
★
0.0 avg (0 ratings)
75 Quotes by Paul Krugman
Paul Krugman has 75 quotes on this site.
A few more worth reading:
-
Every once in a while I feel despair over the fate of the planet. If you've been following climate science,…
-
We know that advanced economies with stable governments that borrow in their own currency are capable of running up very…
-
However, the fact that an economist offers a theoretical analysis does not and should not automatically command respect. What is…
-
The economics profession went astray because economists, as a group, mistook beauty, clad in impressive-looking mathematics, for truth.
-
The problem isn't that people don't understand how good things are. It's that they know, from personal experience, that things…
-
People respond to incentives. If unemployment becomes more attractive because of the unemployment benefit, some unemployed workers may no longer…
-
Generous unemployment benefits can increase both structural and frictional unemployment. So government policies intended to help workers can have the…
-
Raising the minimum wage and lowering the barriers to union organization would carry a trade-off - higher unemployment. A better…
-
I've always believed that a speculative bubble need not lead to a recession, as long as interest rates are cut…
-
In fact, I'd say that the sources of the economy's expansion from 2003 to 2007 were, in order, the housing…
-
Governments do not necessarily act in the national interest, especially when making detailed microeconomic interventions. Instead, they are influenced by…
-
It should be possible to emphasize to students that the level of employment is a macroeconomic issue, depending in the…
See all 75 quotes by Paul Krugman »
More Appoint Quotes
This quote is filed under Appoint Quotes,
one of 40 quotes in that category. Here are a few more:
-
What I don't like is judges legislating from the bench. And as president of the United States, I will appoint…
— Michele Bachmann
-
We hang the petty thieves and appoint the great ones to public office.
— Aesop
-
Congress seems drugged and inert most of the time... its idea of meeting a problem is to hold hearings or,…
— Shirley Chisholm
-
But I must add that the U.S. government must not, as by this order, undertake to run the churches. When…
— Abraham Lincoln
-
What's next? Shall we appoint elephants to teach zoology?
— Roman Jakobson
-
Because the union of a man and woman deserves an honored place in our society, I support the protection of…
— George W. Bush
-
But I am pro-life and will intend, if I’m president of the United States, to encourage pro-life policies. [...] And…
— Mitt Romney
-
The Constitution gives the president the power to appoint, upon the advice and consent of a majority of the Senate,…
— John Jay Hooker
-
It's very simple. If the American people care about a lot of things including corruption in government, then, in fact,…
— Darrell Issa
-
Every time I appoint someone to a vacant position, I make a hundred unhappy and one ungrateful.
— Louis XIV
-
In their nomination to office they will not appoint to the exercise of authority as to a pitiful job, but…
— Edmund Burke
-
How can a good God appoint cruel people to positions of authority? The answer is simple: God is the originator…
— John Bevere
See all 40 Appoint Quotes »